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Consider a whole life annuity-due with quarterly payment payable in advance to (60) as follows: $1000 each quarter between ages 60 and 70, and $2000
Consider a whole life annuity-due with quarterly payment payable in advance to (60) as follows: $1000 each quarter between ages 60 and 70, and $2000 each quarter between ages 70 and 80, and $3000 each quarter thereafter. Using the Standard Ultimate Life Table at annual effective interest rate of i = 5% and assuming UDD, calculate the EPV of the annuity
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